Problem is (in this area) insurance rates are sky high for owning a car lot. My father and I looked into buying a car lot many years ago. You either have to put up an ugly 8 foot high fence around the place and carry minimal insurance, or insure all the cars and pay a ton of money in insurance premiums. So the win win is to have a consignment lot. You can make money by selling other people's cars, you have a low inventory dollar amount, and you don't have to insure the cars as it's something the car owner needs to deal with. Now they do carry over all insurance for the property but if a car on consignment gets stolen, then it's at the lots owners discretion to put in a claim or not. In this case the owner decided not to help Carmello out. So if your going to leave a car with a lot on consignment then you need to have it insured for loss. Thing that sucks is you can't keep classic insurance on the car now because it's outside and not locked in a garage.
X2 !!! Anything I had I would tell the people they are responsible for there own ins. Economey isn't helping much either. Look at all the race cars and trailers getting stolen now !!! I think its goin to turn into the old wild west!!! Catch em SHOOT em. They ever find that TTA ???